Do not have any tax reported on 1040 line 16 but do have taxable income on line 15. No income on 1a. But have pension and dividends. Why no tax on line 16?

[KrisD15]

Could be that your tax is figured on a worksheet other than the tax table. 

According to the IRS:

“Schedule D Tax Worksheet. Use the Schedule D Tax Worksheet in the Instructions for Schedule D to figure the amount to enter on Form 1040 or 1040-SR, line 16, if: 

• You have to file Schedule D, and line 18 or 19 of Schedule D is more than zero; or 

• You have to file Form 4952 and you have an amount on line 4g, even if you don’t need to file Schedule D.”

You can look at the "Qual Div?Cap Gn"  worksheet in your documents or, if using Desktop, in FORMS Mode. 

Please see page 36

[kcprasad]

I also have same issue. ScheduleD Tax worksheet is calculating tax on line 47 , but it is not getting to line 16 on 1040. I think there is a programing error

[DanaB27]

It would be helpful to have a TurboTax ".tax2022" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Online: 

1. From the left menu select Tax Tools. 
2. Then select Tools below Tax Tools. 
3. A window will pop up which says Tools Center.  
4. On this screen, select Share my file with Agent. 
5. You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number. 
6. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

The instructions for TurboTax Download: 

1. On your menu bar at the very top, click "Online"
2. Select "Send Tax File to Agent"  
3. Click "Send"
4. The pop-up will have a token number
5. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

@kcprasad 

[kcprasad]

1122518

[DanaB27]

Thank you I reviewed your token. The $0 tax is correct since you had the Foreign Earned Income Exclusion. Line 47 of the Schedule D Tax Worksheet is carried over to the Foreign Earned Income Tax Worksheet 4c. Then line 6 is entered on Form 1040, line 16 ($0).

@kcprasad 

[kcprasad]

Thanks for your help